German government bond yields fell sharply on Wednesday, after surveys showed activity in the eurozone all but stalled this month as the bloc’s biggest economy contracted.
The Great Rotation has turned the market on its head. But does the trend have legs? Or is it only a matter of time before Big Tech reasserts its dominance?
Shares of Lamb Weston Holdings Inc. plunged toward a record selloff Wednesday, after the frozen potato seller missed fiscal fourth-quarter profit expectations by a wide margin, citing a global slowdown in restaurant traffic.
The U.S. grew faster in July, a pair of S&P surveys found, in a sign the economy is still holding up well despite high interest rates and lingering inflation.
The IT outage caused by a CrowdStrike patch that led Delta Air Lines Inc. to cancel some 6,700 flights since Friday will cost the airline $350 million and shave 200 basis points off operating margins.